Day: May 20, 2020

The economy may have reached a bottom, but the stock market hasn’t. At some point, the stock market has to reflect the reality of the U.S. economy. The quick recovery many are banking on isn’t going to materialize. At the start of May, the stock market got some great news: the recession is over. Economists at both Goldman Sachs and Morgan Stanley called the bottom of the U.S.’ economic decline. But contrary to what many Donald Trump supporters and internet trolls believe, the economy isn’t the same as the stock…

On Friday, May 22, a new Tamarin Gerriety-shot documentary, Banking on Africa: The Bitcoin Revolution, will launch on Amazon Prime. The film depicts the full extent of crypto adoption in Africa and how digital currencies, specifically Bitcoin, are shaping lives in the region. Also launching on the same date will be a comprehensive research report by Arcane Research that covers the state of cryptocurrencies in the continent. Produced by the award-winning house, Documinute, Decrypt reports that the film explores how digital currency users in the continent are using cryptocurrencies to…

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A U.S. lawmaker wants the federal government to begin considering a national blockchain strategy. On Tuesday, U.S. House Rep. Brett Guthrie (R-Kent.) introduced a bill calling on the Federal Trade Commission (FTC) to survey the prevalence of blockchain technologies across industry, government and the globe. CoinDesk obtained a draft version of the bill, HB6938, which is shared in full below. If passed, the bill, which had no cosponsors when referred to the House Energy And Commerce Committee, would give the FTC two years to conduct the survey and a further…

Barstool Sports founder Dave Portnoy roasted Trump for “messing with” the Chinese stock market. Portnoy seems to have a pretty good handle on the stock market, despite his site’s “bro” humor. But is Portnoy misguided in his roasting of Trump? Barstool Sports epitomizes bro culture. If Tucker Max and The Pickup Artist had a baby they dumped in foster care, it would be the popular sports and entertainment site. But despite his site’s reputation, founder Dave Portnoy seems to have a pretty good grasp on the stock market. That’s why…

IOHK, the company charged with the development of Cardano (ADA) will be joining the Hyperledger Project and W3C. Cardano founder and CEO and co-founder of IOHK, Charles Hoskison, in a recent Cointelegraph interview, confirmed that the company will be joining the two organizations. Will help with bidding process Hoskinson believes that IOHK will benefit from their shared knowledge. He also feels that the partnership will give it an edge in the bidding process: “We would like to start consolidating some of our enterprise ledger ideas and bring it there, “A”, …

In an exclusive interview with Cointelegraph, renowned cryptographer Jean-Jacques Quisquater discusses building the internet’s first blockchain in the 1990s and being cited in the Bitcoin Whitepaper. In 1989, Quisquater began working on transitioning media from analog to digital systems for Philips Research Lab in Brussels, where he had been working for 19 years. “The goal was to take a current (analog) situation in real life, and find out how to handle it in digital systems,” said Quisquater. We did that for analog signatures, time, location … and we discovered many…

On May 19, Representative Brett Guthrie (R-KY) introduced the “Advancing Blockchain Act.” Per a May 18 draft of the legislation obtained by Cryptox, the bill asks the Federal Trade Commission and the Secretary of Commerce to put together a new survey of blockchain’s uses and the state of adoption in the United States. Establishing jurisdictions for different federal agencies? The bill looks for new determination of the role of federal agencies, asking the regulators tasked with the survey to: “Conduct a survey of Federal activity related to blockchain technology to…

Kate Middleton and Meghan Markle are allegedly not the best of friends. Yet, the Duchess of Cambridge has a whole new social media swag. She’s clearly benefited from Markle’s influence on this new look. Kate Middleton and Meghan Markle allegedly don’t get along. If you believe the British tabloids, the Duchesses of Cambridge and Sussex are constantly at loggerheads, with the former’s “refined” ways feeling annoyed by the latter’s “coarse” ones. All parties, of course, deny these allegations. With Markle back on American shores, one would think that the Fleet…

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